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Tech helps ASX to fifth straight weekly gain

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A resurgent tech sector helped the Australian sharemarket to its fifth straight weekly gain on Friday, capping off the best run of form for local shares since December.

The S&P/ASX 200 Index advanced 56.6 points, or 0.8 per cent, to 7368.9 this week, supported by a 9.9-point, or 0.1 per cent rise on Friday.

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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/link/follow-20180101-p5829n